Big News For Central Employees, Huge Salary Hike By More Than 44% in Next Pay Commission! Know Details
8th Pay Commission Latest News: The Narendra Modi-led Centre planning to set up the 8th Pay Commission for government employees soon. Though nothing has been confirmed as of now,. The government set up the 7th Pay Commission in 2014, and its recommendations came into effect from January 2016 onwards. The pay commissions are, notably, set up once in 10 years to recommend the government on changing the pay structure and scale of its employees.
As people think that It is the right time to set up 8th Pay Commission, queries have been raised in Social Media regarding 8th Pay Commission Salary and what would be the Fitment Factor to revise the salary. However the 8th pay commission salary increase will depend on Fitment factor
The reports come nearly 2 months after the government issued a clarification. Pankaj Chaudhary, the minister of state for finance said there is no proposal under consideration with the government for setting up the commission. When asked if other measures are being taken by the Centre to increase the salary of the employees in view of the rising inflation, the minister said,” ln order to compensate Central Government employees for erosion in the real value of their salaries on account of inflation, dearness allowances (DA) is paid to them and the rate of DA is revised periodically every 6 months on the basis of rate of inflation as per All lndia Consumer Price lndex for Industrial Workers
(AlCPl-lW) released by Labour Bureau under M/o Labour & Employment.
According to Pankaj Chaudhary had stated this while responding to a question if the government proposes to ensure a timely constitution of the Pay Commission for central government employees so that it could be implemented on January 1, 2026. The government had set up 7th Pay Commission in February, 2014. The recommendations of the panel have been effective from January 1, 2016.
How 8th Pay Commission Will Benefit Central Govt Employees
- If the reports come true and government forms the 8th pay commission, salary of government employees might see a huge hike.
- If the government accepts the demand of the employee union, their minimum wage will increase from Rs 18,000 to Rs 26,000.
- Besides, the fitment factor may go up to 3.68 times.
Salary will increase up to 8 thousand
There will be a big increase in the minimum salary of central employees in the pay-grade level matrix 1 to 3. There can be a jump of more than 44 per cent in this and the minimum basic salary can be 26,000. However, at present, the government does not have any proposal regarding the 8th Pay Commission. Minister of State for Finance Pankaj Choudhary himself has also answered this in the Lok Sabha. But, according to the news going on in the media, the next pay commission may be considered in the year 2024.
4th Pay Commission how much salary increased
- Increment: 27.6%
- Minimum Pay Scale: Rs.750
5th Pay Commission salary increased by how much
- Salary Increment: 31%
- Minimum Pay Scale: Rs 2,550
6th Pay Commission How Much Salary Increased (Fitment Factor)
- Fitment Factor: 1.86 times
- Increment: 54%
- Minimum Pay Scale: Rs 7,000
How much will the 7th Pay Commission salary increase? (Fitment Factor)
- Fitment Factor: 2.57 times
- Increment: 14.29%
- Minimum Pay Scale: Rs 18,000
How much will the 8th Pay Commission salary increase? (Fitment Factor)
- Fitment Factor: 3.68 times Possible
- Increment: 44.44%
- Minimum Pay Scale: Rs 26000 Possible
How 8th pay commission Fitment factor will be arrived ?
The rate of dearness allowance is the main factor which will play a vital role in determining the 8th CPC Fitment factor. The effect date of 8th pay commission recommendation will be from 1.1.2026. So to arrive a revised pay scale in the new pay commission, the rate of Dearness Allowance till this date would be neutralised. Subsequently the rate of neutralised DA has to be merged with the Existing Basic Pay. As we need to calculate the new revised pay by taking this DA neutralisation into account, the 8th pay commission will propose a Fitment Factor or multiplication factor to arrive the new revised pay.
